1: The tax rate is reduced to 27.5% for companies that are “small business entities” (SBEs) with an aggregated annual turnover of less than $10 million from 1 July 2016.2: Upper limit is reduced from $915 to $863 for non-profit companies that are SBEs from 1 July 2015.

1: Offset for 2016-17 only available for disability aids, attendant care or aged care.2: Single at 30 June 2017 and no dependent children.3: Has a spouse at 30 June 2017, or dependent children at any time during 2016-17, or both.

2016-17 Dependant (Invalid and Carer) Offset

Adjusted taxable income (ATI) is:

Offset amount

$282 or less

$2,627*

$283 - $10,790

$2,627* - [(ATI - $282) ÷ 4]

$10,790 and above

Nil

* This is the maximum offset. Assumes dependant status maintained for full income year.

2016-17 Senior Australian and Pensioners Tax Offset

Family status

Maximum tax offset

Shade-out income threshold

Cut-out income threshold

Single

$2,230

$32,279

$50,119

Married or de facto (each)

$1,602

$28,974

$41,790

Separated due to illness (each)

$2,040

$31,279

$47,599

Note: Offset entitlements reduce by 12.5c for each $1 of rebate income in excess of the shade-out threshold. No entitlement when rebate income reaches the cut-out threshold.